OKTG vs. XOMX
OKTG (Leverage Shares 2X Long OKTA Daily ETF) and XOMX (Direxion Daily XOM Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. Their -0.13 correlation means they have often moved in opposite directions in the past. OKTG charges 0.75%/yr vs 1.07%/yr for XOMX.
Performance
OKTG vs. XOMX - Performance Comparison
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Returns By Period
In the year-to-date period, OKTG achieves a 93.46% return, which is significantly higher than XOMX's 54.71% return.
OKTG
- 1D
- 2.20%
- 1M
- -2.49%
- 6M
- 107.76%
- YTD
- 93.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XOMX
- 1D
- -2.00%
- 1M
- 27.43%
- 6M
- 13.60%
- YTD
- 54.71%
- 1Y
- 83.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 59.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $268.28K | $488.97K | $1.00M | |
| $1.53M | $1.17M | $1.12M |
OKTG vs. XOMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OKTG Leverage Shares 2X Long OKTA Daily ETF | 93.46% | 5.90% |
XOMX Direxion Daily XOM Bull 2X Shares | 54.71% | 0.33% |
Correlation
The correlation between OKTG and XOMX is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | -0.13 |
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Return for Risk
OKTG vs. XOMX — Risk / Return Rank
OKTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XOMX
OKTG vs. XOMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OKTA Daily ETF (OKTG) and Direxion Daily XOM Bull 2X Shares (XOMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OKTG | XOMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.92 | — |
| Martin ratioReturn relative to average drawdown | — | 4.63 | — |
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Drawdowns
OKTG vs. XOMX - Drawdown Comparison
The maximum OKTG drawdown since its inception was -60.69%, which is greater than XOMX's maximum drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for OKTG and XOMX.
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Drawdown Indicators
| OKTG | XOMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.69% | -39.64% | -21.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -39.64% | — |
Current DrawdownCurrent decline from peak | -16.69% | -22.04% | +5.35% |
Average DrawdownAverage peak-to-trough decline | -22.50% | -10.79% | -11.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.51% | — |
Volatility
OKTG vs. XOMX - Volatility Comparison
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Volatility by Period
| OKTG | XOMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 42.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 130.11% | 50.23% | +79.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 130.11% | 48.50% | +81.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.11% | 48.50% | +81.61% |
OKTG vs. XOMX - Expense Ratio Comparison
OKTG has a 0.75% expense ratio, which is lower than XOMX's 1.07% expense ratio.
Dividends
OKTG vs. XOMX - Dividend Comparison
OKTG has not paid dividends to shareholders, while XOMX's dividend yield for the trailing twelve months is around 1.70%.
| Position | TTM | 2025 |
|---|---|---|
OKTG Leverage Shares 2X Long OKTA Daily ETF | 0.00% | 0.00% |
XOMX Direxion Daily XOM Bull 2X Shares | 1.70% | 1.73% |
Frequently Asked Questions
OKTG and XOMX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OKTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OKTG is cheaper with a 0.75% expense ratio, compared with 1.07% for XOMX.
XOMX has the higher dividend yield at 1.70%, compared with 0.00% for OKTG.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for OKTG and 1.07% for XOMX.
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